Private wagon manufacturers are upbeat about demand improving with Coal India Limited (CIL) renewing efforts to procure its own wagons.
The public sector miner has revived its interest to have its own fleet of wagons under the General Purpose Wagon Investment Scheme of Indian Railways announced last year.
“Indian Railways has come out with a substantial wagon procurement plan and players such as Cebbco, Amtek, Texmaco, Titagarh Wagons, Jupiter Wagons and Oriental Foundry have secured orders in the tender process.
Now there are talks that Coal India is exploring options of having its own fleet of rakes. This will further boost demand for wagons,” said a senior executive of a city-based wagon maker. Read More